International Student Budget Planner
Model academic course fees, health cover, and living expenses. Compare your estimated budget against the Department of Home Affairs financial capacity threshold.
International Student Budget Planner
Plan course fees, health cover, and living expenses. Note: This tool does not certify immigration financial sufficiency.
Official Student Visa Financial Benchmarks:
Effective 10 May 2024, the Department of Home Affairs requires international student visa (subclass 500) applicants to demonstrate access to at least $29,710/year in living cost capacity (excluding course fees and travel).
Do not rely on part-time wages to fund upfront tuition fees or immediate living costs. Visa Condition 8105 restricts student employment to 48 hours per fortnight during study terms.
1. Tuition & Health Insurance (OSHC)
Each installment payment is approximately $17,000.00, payable before each semester census date.
Guaranteed Funding & Savings
2. Estimated Monthly Living Costs
$2,490.00 / month
Annualized living total: $29,880.00/year
Annual Student Financial Assessment
Home Affairs Benchmark Check: Your calculated personal living expenses ($29,880/yr) compare with the current federal student living requirement benchmark of $29,710/yr.
Regulatory Framework & Official Financial Capacity
Department of Home Affairs Annual Living Cost Evidence: Effective 10 May 2024, international students applying for subclass 500 must demonstrate access to a minimum of $29,710 per year in living cost funds (or equivalent partner/family annual income evidence).
This benchmark reflects visa assessment sufficiency criteria, not a price ceiling on living expenses. Actual costs in major cities like Sydney and Melbourne depend on accommodation style (shared apartment vs PBSA) and personal spending habits.